PRESS STATEMENT PCC M&A Review Moratorium in the Bayanihan 2 Act 14 September 2020 As part of its response to the COVID-19 pandemic, the Bayanihan To Recover As One(Bayanihan 2) Act exempts from compulsory notification those mergers and acquisitions with transaction value of less than P50 billion which are entered into within two (2) years from… continue reading ››
SMC-Holcim Transaction 12 May 2020 The Philippine Competition Commission (PCC) received information that San Miguel Corporation’s subsidiary, First Stronghold Cement Industries, Inc. (FSCII), shall no longer proceed in acquiring Holcim Philippines, Inc. (HPI) upon the lapse of the parties’ agreement on Sunday, 10 May 2020. The PCC, however, has yet to receive formal notice from the… continue reading ››
PRESS STATEMENT Motorcycles (MCs) as public transport and multi-homing approach 24 January 2020 The use of motorcycle (MC) taxis as a mode of public transportation has given commuters an additional option amid worsening traffic conditions in urban areas. In many rural areas around the country, these habal-habal are widely used as main transport. The Philippine… continue reading ››
PRESS STATEMENT 18 November 2019 Re: Grab’s Extended Undertaking and Fines Colleagues from the Philippine Competition Commission, friends from the media, good morning. We are pleased to announce that the Philippine Competition Commission has approved a new set of commitments undertaken by Grab to address the lingering competition concerns in the ride-hailing… continue reading ››
PRESS STATEMENT 24 May 2019 Re: Proposed Acquisition by San Miguel Corp. of Holcim Philippines, Inc. To date, the Philippine Competition Commission (PCC) has not yet received the notification by San Miguel Corp. (SMC) and Holcim Philippines, Inc. (HPI) for mandatory merger review. PCC reminds merging firms that meet the notification thresholds to notify… continue reading ››
PRESS STATEMENT 22 April 2019 PCC looks into power plant shutdowns, outages for alleged collusion The Philippine Competition Commission (PCC) looks into allegations of collusion or abuse of dominance amid a series of shutdowns among power plants that may have contributed to price increase in the retail electricity market. The recent spate of scheduled… continue reading ››
PRESS STATEMENT 29 March 2019 PCC Statement on Alleged Cold Storage Cartel in Onion Industry The Philippine Competition Commission (PCC) confirms the receipt of the request for assistance by the Department of Agriculture (DA) on the alleged cold storage cartel in the onion industry. All of PCC’s actions are directed by its mandate… continue reading ››
PRESS STATEMENT 4 March 2019 Arsenio M. Balisacan, PhD Chairman Philippine Competition Commission “Fostering Competition in the Philippines: The Challenge of Restrictive Regulations” World Bank Report Launch Makati City Friends in the media, ladies and gentlemen, good morning. I congratulate the members of the World Bank team who spearheaded this comprehensive and well-researched study… continue reading ››
The Philippine Competition Commission supports the National Council on Disability Affairs (NCDP) in the national observation of 15th Cerebral Palsy Awareness and Protection (CPAP) Week with the theme “A Better World for Persons with Cerebral Palsy, Love+Understand+Support=Make a Difference.” The CPAP Week is observed from September 22-26 by virtue of Proclamation No. 588 signed… continue reading ››